Valuation as per Rule 28 applies only where the value for GST is not ascertainable
The Hon’ble AAR Tamil Nadu in the matter of M/s Thirumalai Chemicals Ltd. [Order No. 41/AAR/2020 dated December 18, 2020] […]
Advance Ruling-New
GST Recent News, News
Govt considering Customs amnesty scheme to resolve legacy disputes
The government is considering a one-time amnesty scheme for resolution of legacy disputes pertaining to Customs after the success of
GST Recent News, News
No GST on electricity charges recovered from tenants
In a significant ruling the Gujarat Authority for Advance Ruling for Goods and Services Tax (GST) has said a landlord
Notification And Circular, Notification and Circular
CBDT directed National Faceless Assessment Centre /Regional Faceless Assessment Centre/ Assessment Unit/ Review Unit to act as the National Faceless Penalty Centre /Regional Faceless Penalty Centre/ Penalty Unit/ Penalty Review Unit under the Scheme
CBDT vide Order F.No.187/4/2021-ITA-I dated January 20, 2021 directed the National Faceless Assessment Centre /Regional Faceless Assessment Centre/ Assessment Unit/ Review
GST Recent News, News
GST portal experiences technical glitch, raises worries of taxpayers
The Goods and Services Tax (GST) portal experienced technical failure on Thursday, leaving taxpayers worried amid fast approaching due dates
News
Centre, states to take corrective action to reduce compliance burden by March 31
The centre and states will take corrective action by March 31 to reduce the compliance burden on businesses and citizens,
Important News, News
CBDT has issued refunds of over Rs. 1,76,217 crore to more than 1.65 crore taxpayers between April 01, 2020 to January 18, 2021
As per the recent tweet of Income Tax India, the CBDT issues refunds of over Rs. 1,76,217 crore to more
Notification And Circular, Notification and Circular
CBDT assigned certain penalty cases initiated under IT Act to National Faceless Penalty Centre
The CBDT vide Order F.No.187/4/2021-ITA-I dated January 20, 2021 assigned certain penalty cases initiated under IT Act to National Faceless Penalty
Important Pronouncements
Bombay HC stayed provisional attachment of the bank accounts noting assessee’s cooperation
The Hon’ble Bombay High Court in AJE India Private Limited v. Union of India and Ors. [Writ Petition (ST.) No.
Notification and Circular, Notification And Circular
CBIC issued instructions for strict compliance to limitation while filing Appeals/Petitions before Courts/Tribunal
CBIC vide Circular No. 1077/01/2021 – CX dated January 19, 2021 issued instructions for strict compliance to limitation while filing Appeals/Petitions before